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HiFX morning Update June 22 2018
New Zealand welcomes the birth of Prime Minister Jacinda Adern’s first child, a baby girl, but its been the Kiwi that’s needed an epidural for most of the week. It has finally found a touch of support, bouncing from its low of 0.6822
With little data expected today, we would need some more trade war rhetoric to test the 2017 lows of 0.6778
As expected the UK Monetary Policy Committee voted to keep their Official Bank rate at 0.5%, however the number of members who voted for an increase lifted from 2 to 3. This will be sure to liven up the next meeting, and has helped the Pound to a 4 week high against the NZD.
Canadian CPI comes in overnight, but there is little else to note till Consumer Confidence comes out of the US early Wednesday morning.
Global equity markets are generally lower across the board, - Dow -0.67%, S&P 500 -0.51%, FTSE -0.93%, DAX -1.44%, CAC -1.05%, Nikkei +0.61%, Shanghai -1.37%.
Gold prices rebounded, up 1.3%, at $1,286 an ounce. WTI Crude Oil prices edged lower down 0.8% to $65.60 a barrel.
ends
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